Savannah morning news. [volume] (Savannah) 1868-1887, 1887-03-10
4 RIG RAILROAD SCOOP.
:, rrR,,lSAn PEOPLE RAKE
Ihn n,ITI1IORE AND OHIO.

A Trunk Line WIN -.
racks Now ControIeo Oy sno o
81 ,,ination-The Telegraph and express
p,nbtsYpciuded in the New De@i-O"
M VI street Took the News.
>,u yopx. March 9.-The Times this
ing saws il is authorized to announce
luol ',a aontro, Of the Baltimore and Ohio
nanroad n'i Company has passed into the
Sonas of Alfred sully, of New York. Mr.
sul,v it saws, has written contract oy
.,,.t,,o ~ which President Robert Garrett
.nts him in possession. In an article
pnor q column long, the Times says:
II ,,Tho possibilities of this new con-
oI are beyond estimation.
Rv the agreement Of the Baltimore ana
osio raiIroad-ths one railway OF the
,ord that has ever been considered out OF
tho market-Nlr. sully and his friends
81 sooome controllers of what is probably
s ,%o most extensive railway system III the
# world.
s,vrrpN THOUSAND MILES OF TRACK.
.'It stretches from New York almost 10
tAuttermost parts OF the oouth anu laT
10 the West. 1t includes the central
psiIroad of New Jersey, the Philadelphia
ond Reading system, the Richmond Term
;nai and Richmond aud Danville proper
ties the East Tennessee, Virginia and
Georgia lines. the Central Railroad
of Georpia. and now, last OF all, the Bal
9 timore and Ohio; and OF all these proper
iios there is to be made one great TRUNK
line with 16. 900 miles Of track. There Is
s. no longer to be any question about how
,be Baltimore and Ohio road is to get an
entrance to New York. The Jersey Gen.
G tral and Reading lines give that. me
8 control of the Baltimore and ONO EX-
press and Telegraph Companies ls in
cuded in the transfer" The Times says
S MIR. Garrett will remain as Pfesldent OF
s the Baltimore and Ohio road.
The Tribune has story which varies
4 somewhat from that of the Times in mat
Ter of detail, but agrees with it upon the
main fact that Messrs. Sully, Thomas
and Bryce and their associates have OBJ
*taiued control OF the Baltimore and Ohio,
3 which now becomes part of their Rich
znond and West Point system.
ATTITUDE OF THE SPECTATORS.
The Evening Post, in its financial arti-
ele, says: 1.-THE attention of the street and
the general public has been concentrated
npOn the progress Of the scheme for the
bmalgamatiOn Of half dozen great rail.
fOad properties, under control Of the Rich
onOnd Terminal syndicate, with so much
ksptiCism about its success that even
hen ii was openly aud positively STATED
BY members Of the syndicate that they
bad acquired control Ofthe Baltimore and
Dhlo spectators apparently waited for
further developments TO show the extent
h the whole scheme before taking much
interest in the market. The prevailing
belief is that settlement of the telegraph
Ear will be one of the results of the COM
bination.
WILLING TO SELL.
st is acknowledged that the Baltimore
Rnd Ohlo would like to part with it's tele-
Eraph property. The Western Union
people would of course hold off and talk
RS though they did not want to buy. But
n the other hand Gould controls over
.OOC miles Of railroad west of the Missis-
lppl river and south of st. Louis. This
ystem OF roads comes to the Mississippi
Two points, viz: st. Louis, where it
Nouiu connect with the Ohio and Missls-
pp, controlled by the Baltimore and
pnio, and also at Memphis. where il
Nould connect with the Richmond Ter
lllnSl' An eastern outlet and fine termI-
"A sIal facilities in Jersey CITY for these
estern properties may eventually have
OIle lnnuence in settling the telegraph
var; III was lurther development of the
ossiDllltles that the public seemed to be
waiting for to-day" w
THE TERMINAL PLANS.
Inc executive committee of tho Rich
tnohu ana west Point Terminal Com
Sny met to-day to consider the matter of
ThsoIolng the Baltimore & Ohio and
systems. Action was deferred
u'I hn to-IlofrOW. 1t is understood that
tIe purchase of the Baltimore a Ohio
Iuck VIII be provided for by a collateral
siusy IN which the Baltimore & Ohio
tocA VIII be placed, and the bonds taken
syndicate. The counsel for the
1HlpanY are now at work on the details
pl I0e agreement. '''-''
AN OPTION FOR CoNTRoLa
oyo,nd' GruioiI9Ws 10y Tribune will have the fol-
.omlnG: The option on the controilior-
f1Sd 'oo SIN N me baltimore and Ohio rali.
tabai toi iecehtly obtained by Alfred Sully in
siists ss u syndicate of New York cant
soi mroboni was not exercised yesterday. 1T
ned rd'UJ%pie wiepi mat the privilege will be
Ior snhsa.iL Snin lew days, and if the terms
rranceS apuon Dy the syndicate can be
bHcjaiIv change OF ownership may be
Understood "nnounced tn to-day. 1t is
resident Garrett nroyjdoa eaa0C WIN
bo. "usler Dy him to the syndicate Of so oon
N TSa vi baltimore and Ohio stock oT
tborafe5 aue amount Of the purchase roopov
len msietee m'ote SloOOO,00O, Of which Mr.. Gar.
IS OO0 0o0 Tt upon the payment In cash of
be Dald ~ ine remaining SIC, ,O00. 600 NAV
'inle "lthin one year.
H. GOOD SECURITY.
ntrs biaal hnSl payment has been mazda tho
pder coo,iI c1ock Oh stock Is to be held IN trnst
been Ma IAN conditions, which have not
serms aug Js a. public. Nothing in tbasa
komnliab nAeiy to interfere with tho ac-
b tho maen!, ent ol the general purpose, bnt
% be larneS,ul utlme e persons aeknow
isposed 81, interested in the plan are
hard ~ "ithhold information In re-.
Irrangaroo tne details or ,bo
alyIn pn, The syndicate comnrisos
II the Eoot otiTe re and Gen. Samuel Thomos
crmerlv lIs. %. tennessee; George s seas
banyls. resident resident OF the Richmond enS
ahnestnclu luep1Ige r. Baker and II ~
ent Of tbs Irresldent and Vice Presi'
heir associo o plfst National Bank. apd
erprises in IN Southern railroad anl
uSuh Corbin. W mt sully and
Mr.. Mr. GARRETT NoN-coMnrrr.,
arrett p,' ND, March 9-Rohou,
hio d., resident or the Ral,,n,oi.No opert
but bd'Oad had ' Company, was scan ~ d anu
be renos,ag to say in regard -
transfen 'eu arrangements eoo w
hat rns OF the contsa, lOr
atemsUOssu' Usu' The New Yorp M, oi
as oreat,d winch appears authant1s
ity, AZ - sensation hera ny,